Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLonmin Share News (LMI)

  • There is currently no data for LMI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Labour Court Says Strike At Lonmin's Operations Would Be Unprotected

Fri, 15th Mar 2019 10:19

LONDON (Alliance News) - Lonmin PLC said on Friday the South African Labour Court has judged a secondary strike proposed by the Association of Mineworkers & Construction Union would be unprotected.

This prevents the union and its members from undertaking action at Lonmin's operations, the company said, adding that its operations continue to run as usual.

The decision comes after the Labour Court at the end of February said the strike should be suspended "pending judgement".

In February, the AMCU announced that its affiliated workers would go on strike between Thursday and March 7 in support of the ongoing strike at the mines operated by Sibanye Gold Ltd.

Sibanye Gold - which trades as Sibanye-Stillwater - is currently in the process of merging with Lonmin in an all-share deal worth GBP285 million. The AMCU has challenged the regulatory approval for the deal.

Workers affiliated to the AMCU have been on strike at the gold operations of Sibanye since late November after it refused to sign a pay deal sealed with other unions earlier in November. In mid January, the AMCU called secondary industrial action amongst its members working at platinum operations of Sibanye.

In London, Lonmin shares were down 1.6% at 67.40 pence, while in Johannesburg the stock was down 0.2% at ZAR12.97.

More News
15 Jul 2015 08:46

BROKER RATINGS SUMMARY: Berenberg Upgrades Travis Perkins To Buy

Read more
15 Jul 2015 07:35

LONDON BRIEFING: Burberry Warns Of Challenging Market In Hong Hong

Read more
14 Jul 2015 14:30

FTSE 250 movers: Hiscox and Alent hit by downgrades, miners lower

(ShareCast News) - Mid-caps were in the red on Tuesday as a raft of negative broker comment weighed on stocks and industrial metals stocks plunged. As of 14:45 BST, the FTSE 250 was trading 0.8% lower at 17,573. Insurer Hiscox was in the red as analysts at Credit Suisse downgraded the stock to 'und

Read more
10 Jul 2015 12:17

Lonmin loses ground as UBS downgrades to 'sell'

(ShareCast News) - Shares in Lonmin were leading the FTSE 350 fallers on Friday after UBS downgraded the platinum miner to 'sell', citing likely downside "even if platinum group metals (PGM) prices recover". The Swiss bank cut its rating from 'neutral' and, with the shares opening the day at 92.7p,

Read more
10 Jul 2015 11:44

London midday: Stocks hold near highs as traders monitor Greek situation

(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader

Read more
10 Jul 2015 11:29

BUZZ-Lonmin: hits all-time low on downgrade, falling prices and Glencore divestment

** Lonmin falls 10.3 pct to its lowest level since listing in 1982, as falling platinum prices and Glencore's divestment of its shareholding continue to weigh on sentiment ** Platinum spot prices just off 6.5 yr lows, near crucial $1,000 level that pushes majority of the industry into the

Read more
10 Jul 2015 10:21

WINNERS & LOSERS SUMMARY: InterContinental Hotels Up On Hong Kong Sale

Read more
10 Jul 2015 08:37

BROKER RATINGS SUMMARY: Citi Raises BHP Billiton And Rio Tinto To Buy

Read more
10 Jul 2015 07:30

LONDON BRIEFING: Ryannair Accepts IAG Offer For Aer Lingus

Read more
8 Jul 2015 10:35

Platinum shares hit multi-year lows as spot price targets $1,000

JOHANNESBURG, July 8 (Reuters) - Platinum shares hit multi-year and even decades lows on Wednesday as the metal's spot price pursued a relentless decline to new six-year lows, approaching the $1,000 level that will push most of the struggling industry into the red. Lonmin shares tumbled to

Read more
2 Jul 2015 13:15

FTSE 250 movers: Jimmy Choo boosted by Barclays coverage, Synthomer lower on disappointing profits

Mid-caps were trading slightly higher on Thursday, though weakness in the industrial metals, transport and technology provided a drag on gains. As of 16:00 BST, the FTSE 250 was trading 0.2% higher at 17,674. Jimmy Choo was trading higher after Barclays initiated coverage on the stock with an 'over

Read more
1 Jul 2015 10:11

South Africa's platinum sector faces crunch time as prices slide

* Platinum slips for 4th quarter, down 10 pct this year * 'Half the industry' cash-flow negative - fund manager * Share prices at decade lows By Ed Stoddard, Jan Harvey and Silvia Antonioli JOHANNESBURG/LONDON, July 1 (Reuters) - South Africa's platinum sector is at a cruc

Read more
30 Jun 2015 13:07

FTSE 250 movers: Home Retail group surges on upgrade, miners lower

Mid-caps continued to decline on Tuesday, as gains made in the real estate sector were offset by weakness from telecommunications, technology and mining stocks. As of 15:30 BST, the FTSE 250 was trading 0.3% lower at 17,586. Home Retail Group topped the risers after Morgan Stanley upgraded the stoc

Read more
26 Jun 2015 14:27

FTSE 250 movers: OneSavings higher on Investec comments, Wood Group hit by downgrade

Mid caps were in the red on Friday, as gains made by retailer and telecommunications stocks were overshadowed by Greece's looming critical weekend. As of 15:30 BST, the FTSE 250 was trading 0.7% lower at 17,829. OnseSavings Bank led the risers as Investec gave the stock a 'buy' rating and a price t

Read more
26 Jun 2015 10:28

S.Africa's mine massacre town sees little change three years on

* Mine massacre town ringed by shacks, squalor * Probe slammed Lonmin for social, housing plans * Police, unions also blamed for violence that killed 44 By Zandi Shabalala MARIKANA, South Africa, June 26 (Reuters) - Almost three years after South African police shot 34 str

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.